Insite announces its year-end results and forecasts solid growth in 2001
The international e-learning and consultancy company Insite has released
its financial results for the year 2000 and is forecasting a positive
2001. Insite is also taking further steps in its strategy to be the
leading European consulting company offering blended solutions.
For 2000, Insite reported a turnover of proforma MSEK 41,0 and a loss of
MSEK 43,7. The negative result is mainly due to the rapid expansion of
the company's activities. The company was in 2000 investing in new
market establishment's, company structures and product development. This
has created a solid foundation for the company in 2001.
Costs for the activities mentioned above and all costs related to a
rationalization program (closing down 2 of the Swedish offices in
Bollnäs and Säffle) initiated in November, were all taken in the result
of 2000.
"In 2000, we spent a lot of time and resources building up the company
and our market. We can know see the benefits from that. In fact, our
order intake for the first quarter of 2001 was 26 MSEK, which proves our
strategy." says Thomas Röckert, President and CEO.
The company is emphasizing its role as an international implementation
provider of commercial strategies and processes, for multi-national
companies. Insite AB delivers professional blended solutions, which
combine e-learning and traditional training methods. This becomes more
and more important in securing the results to the change process.
Thomas Röckert adds, "The year 2000 was a busy and exciting year, with a
high growth rate based on our strategy at that time. Now, our strategy
is geared toward profitable growth and a much stronger focus on sales."
About Insite:
Insite AB is one of Scandinavia's leading interactive training
companies. Over the past year, Insite has created a strong international
presence through acquisitions and organic growth. The company, with its
head office in Gothenburg, currently employs 70 people in Gothenburg,
Stockholm, Malmö, Barcelona, Oslo, Geneva and Milan.
Insite specializes in supporting companies in implementing change with
advanced blended solutions - a client-specific mix of e-learning,
coaching and classroom seminars. Insite works all over the world, in all
major business languages, enabling a full-scale international training
and implementation process. Insite offers tailor-made training for major
international companies. Among some of Insite's clients are blue-chip
companies such as Tetra Pak, Alfa Laval, Munters, SEB, Nordea, Bank of
America, Danone, Bvlgari, Volvo and Porsche.
Insite's goal is continued, controlled expansion with the aim of
strengthening its position as Europe's key supplier of interactive and
simulation-based training measures over the Internet. Insite has now
been trading on the H&Q Tech Market since July 2000. The company's
biggest owners are the IT investment company Speed Ventures AB, MVI and
private investors.
For further information, please contact:
Insite AB:
Thomas Röckert, CEO and President, tel: +41 79 200 5274
Jonas Berg, CFO, tel: +46 31 720 82 58
E-mail: thomas.rockert@insiteint.com or jonas.berg@insiteint.com
Further information about Insite can be found at www.insiteint.com
------------------------------------------------------------
This information was brought to you by BIT http://www.bit.se
The following files are available for download:
http://www.bit.se/bitonline/2001/04/20/20010420BIT00800/bit0002.doc
http://www.bit.se/bitonline/2001/04/20/20010420BIT00800/bit0002.pdf